Posted 4/3/2024, 9:00:00 AM
Apple Leads Big Tech in AI Startup Acquisitions Despite Antitrust Concerns
- Apple has acquired over 20 AI startups since 2017, more than Microsoft or Meta in that timeframe
- Apple's biggest AI acquisition was Xnor.ai in 2020 for $200 million
- Microsoft spent a record $19 billion to acquire Nuance Communications in 2022
- AI acquisitions peaked in 2021 but have declined since due to antitrust scrutiny
- Apple defied the downward M&A trend by acquiring DarwinAI earlier this year
